Posted: Tue 9:30 PM, Nov 20, 2012
Updated: Tue 9:37 PM, Nov 20, 2012
Former Manson COO Reaches Plea Deal in Fraud Case
The former president and chief operating officer of Manson Insurance in Wausau will plead guilty to fraud charges in a deal with federal prosecutors.
According to court documents, Timothy Mathwich of Wausau is set to enter a plea next week to conspiracy to commit bank fraud and conspiracy to misappropriate insurance credits.
A number of other charges were dropped in exchange for the plea.
Mathwich faces up to 10 years in prison.
He was indicted in September for fraud schemes that reached nearly $7.5 million.
Two other former Manson employees have already been sentenced to prison for their role in the crime
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